XPO (NYSE:XPO) Raised to Buy at Citigroup

XPO (NYSE:XPO) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, MarketBeat reports. The firm presently has a $140.00 price target on the transportation company’s stock. Citigroup’s target price points to a potential upside of 17.88% from the stock’s previous close.

A number of other brokerages have also issued reports on XPO. Raymond James Financial cut their target price on XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Stephens reaffirmed an “overweight” rating and issued a $131.00 price target on shares of XPO in a research report on Thursday, June 5th. Oppenheimer increased their target price on XPO from $126.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 7th. Wells Fargo & Company raised their price objective on shares of XPO from $116.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Finally, Stifel Nicolaus boosted their price target on shares of XPO from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

XPO Price Performance

Shares of XPO stock opened at $118.76 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO has a twelve month low of $85.06 and a twelve month high of $161.00. The business has a 50-day moving average price of $125.52 and a 200 day moving average price of $120.27. The firm has a market cap of $13.99 billion, a PE ratio of 41.09, a P/E/G ratio of 2.30 and a beta of 1.97.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. Sell-side analysts predict that XPO will post 4.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently added to or reduced their stakes in the company. Redmond Asset Management LLC raised its stake in shares of XPO by 0.7% in the 2nd quarter. Redmond Asset Management LLC now owns 78,490 shares of the transportation company’s stock valued at $9,913,000 after acquiring an additional 515 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of XPO in the 2nd quarter valued at about $867,000. Bessemer Group Inc. lifted its holdings in XPO by 58.7% during the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after buying an additional 149 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in XPO by 128.8% during the second quarter. First Citizens Bank & Trust Co. now owns 10,549 shares of the transportation company’s stock worth $1,332,000 after purchasing an additional 5,939 shares during the last quarter. Finally, Ethic Inc. lifted its position in shares of XPO by 8.8% in the 2nd quarter. Ethic Inc. now owns 7,067 shares of the transportation company’s stock worth $901,000 after buying an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.